Please see original analysis linked below for in-depth explanation of our long bias.

We are still awaiting a below above and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside but followed by a sharp move to the downside with a chance prediction of 95%, but we will continue to monitor price action and the updates from our algorithm.

See the link below for an image of our algorithm's forecast for this pair. http://i.imgur.com/1gbDjD8.png